GBPJPY Bullish Divergence (Sept 22, 2014)
GBPJPY has been on a steady uptrend and may be due to resume its climb, as a bullish divergence has formed on its 1-hour time frame. Stochastic made lower lows while price made higher lows, with the...
Category: Daily Forex Reports
USD/JPY Forecast September 22, 2014, Technical Analysis
The USD/JPY pair initially broke higher during the course of the day on Friday, but the 109.50 level offered enough resistance to turn things back around. Ultimately, we ended up forming a shooting star, so of course...
USD/CAD Forecast September 22, 2014, Technical Analysis
The USD/CAD pair went back and forth during the course of the day on Friday, showing the 1.0950 level to be somewhat of a magnet for price. However, if we can break back above the 1.10 level,...
GBP/USD Forecast September 22, 2014, Technical Analysis
The GBP/USD pair initially broke higher during the course of the day on Friday, in reaction to the Scottish Independence Vote, but as you can see the 1.65 level offered enough resistance to push things back down....
EUR/USD Forecast September 22, 2014, Technical Analysis
EUR/USD fell during the course of the day on Friday, testing the 1.28 level yet again. However, we did not break down below that area and as a result we feel that this market should continue to...
AUD/USD Forecast September 22, 2014, Technical Analysis
The AUD/USD pair fell during the course of the day on Friday, but remains just above the 0.89 handle. That is the last vestiges of support as far as we can see, and if we can break...
Will the New Zealand Dollar Rally? – Paxforex
The New Zealand Dollar has dropped sharply over the past few trading weeks and after the Reserve Bank of New Zealand decided to stop their series of interest rate increases during the last meeting, after increasing interest...
USD/JPY Forecast September 19, 2014, Technical Analysis
The USD/JPY pair broke higher during the day again on Thursday but quite frankly we have gotten so parabolic that the market looks as if it needs to take a little bit of a rest. Because of...
USD/CAD Forecast September 19, 2014, Technical Analysis
The USD/CAD pair fell during the course of the day on Thursday, breaking well below the 1.10 handle. However, we did find a bit of support at the 1.09 region, so with that market formed a little...
GBP/USD Forecast September 19, 2014, Technical Analysis
GBP/USD rose during the course of the day on Thursday, in anticipation of Scotland staying within the United Kingdom. Because of this, the market broke above the top of the shooting star from the session on Wednesday,...